Economic Event | New Home Sales |
Units | Thousands of Sales |
Current Period | Jul 2009 |
Release Date | Aug. 26. 09 |
Reported | 433 |
Consensus for Current Period | 391 |
Number of Forecasts | 44 |
Economic Surprise | 42 ( 10.74 % ) |
Prior Period | Jun 2009 |
Reported Value for Prior Period | 395 |
Revised From | 384 |
Next Release Date | Sep. 25. 09 |
Next Release Time | 10:00 AM Eastern Time |
Source | http://www.census.gov/const/newressales.pdf |
Note | |
Description | New Home Sales or the pace of new single-family home sales indicates the future course of housing construction. The ratio of the inventory of unsold homes to home sales – which is the month’s supply of the inventory of unsold homes to home sales – which is the month’s supply of homes at the current selling rate – suggests the need for new construction. |